taylorpatterson7972 taylorpatterson7972

26-10-2022
Business

Answered

the weighted average cost method uses the weighted average cost to calculate the value of . (check all that apply.) multiple select question. cost of goods sold supplies sales inventory equipment payments to suppliers

Answer :

Martebi Martebi

02-11-2022

The weighted average cost method uses the weighted average cost to calculate the value of option B: cost of goods sold.

What is the weighted average cost method?

The weighted average cost approach, which is frequently employed when inventory items are so similar to one another or blend into one another that it is difficult to assign precise costs to single units, divides the cost of goods available for sale by the number of units available for sale.

Therefore, The weighted average approach is most frequently used when inventory items are so entangled that it is challenging to allocate a specific cost to an individual unit. It is mostly used to assign the average cost of production to a certain product.

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